[House Document 113-117]
[From the U.S. Government Publishing Office]
113th Congress, 2d Session - - - - - - - - - - House Document 113-117
ENDING IMMUNITITES GRANTED TO THE DEVELOPMENT FUND FOR IRAQ AND CERTAIN
OTHER IRAQI PROPERTY AND INTERESTS IN PROPERTY PURSUANT TO EXECUTIVE
ORDER 13303, AS AMENDED
__________
COMMUNICATION
from
THE PRESIDENT OF THE UNITED STATES
transmitting
NOTIFICATION THAT AN EXECUTIVE ORDER TERMINATING THE PROHIBITIONS IN
SECTION 1 OF EXECUTIVE ORDER 13303 OF MAY 22, 2003, AS AMENDED HAS BEEN
ISSUED, PURSUANT TO 50 U.S.C. 1622(d)
May 28, 2014.--Referred to the Committee on Foreign Affairs and ordered
to be printed
_______
U.S. GOVERNMENT PRINTING OFFICE
39-011 WASHINGTON : 2014
The White House,
Washington, May 27, 2014.
Hon. John Boehner,
Speaker of the House of Representatives,
Washington, DC.
Dear Mr. Speaker: Pursuant to the International Emergency
Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), I hereby
report that I have issued an Executive Order (the ``order'')
terminating the prohibitions contained in section 1 of
Executive Order 13303 of May 22, 2003, as amended by Executive
Order 13364 of November 29, 2004, on any attachment, judgment,
decree, lien, execution, garnishment, or other judicial process
with respect to the Development Fund for Iraq and Iraqi
petroleum, petroleum products, and interests therein, and the
accounts, assets, investments, and other property owned by,
belonging to, or held by, in the name of, on behalf of, or
otherwise for, the Central Bank of Iraq.
I have taken this action as a result of my determination
that the situation that gave rise to the actions taken in
Executive Order 13303 of May 22, 2003, to protect the
Development Fund for Iraq and certain other property in which
the Government of Iraq has an interest has been significantly
altered, including through the Government of Iraq's progress in
resolving and managing the risk associated with outstanding
debts and claims arising from actions of the previous regime.
This action is not intended otherwise to affect the national
emergency declared in Executive Order 13303 of May 22, 2003, as
expanded in scope by Executive Order 13315 of August 28, 2003,
which shall remain in place. This action is also not intended
to affect immunities enjoyed by the Government of Iraq and its
property under otherwise applicable law.
I have delegated to the Secretary of the Treasury, in
consultation with the Secretary of State, the authority to take
such actions, including the promulgation of rules and
regulations, and to employ all powers granted to the President
by IEEPA and section 5 of the United Nations Participation Act,
as amended (22 U.S.C. 287c), as may be necessary to carry out
the purposes of the order. All agencies of the United States
Government are directed to take all appropriate measures within
their authority to carry out the provisions of the order.
I am enclosing a copy of the Executive Order I have issued.
Sincerely,
Barack Obama.
Executive Order
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Ending Immunities Granted to the Development Fund for Iraq and Certain
Other Iraqi Property and Interests in Property Pursuant to Executive
Order 13303, as Amended
By the authority vested in me as President by the
Constitution and the laws of the United States of America,
including the International Emergency Economic Powers Act, as
amended (50 U.S.C. 1701 et seq.) (IEEPA), the National
Emergencies Act (50 U.S.C. 1601 et seq.), section 5 of the
United Nations Participation Act, as amended (22 U.S.C. 287c)
(UNPA), and section 301 of title 3, United States Code,
I, BARACK OBAMA, President of the United States of America,
have determined that the situation that gave rise to the
actions taken in Executive Order 13303 of May 22, 2003, to
protect the Development Fund for Iraq and certain other
property in which the Government of Iraq has an interest has
been significantly altered. Recognizing the changed
circumstances in Iraq, including the Government of Iraq's
progress in resolving and managing the risk associated with
outstanding debts and claims arising from actions of the
previous regime, I hereby terminate the prohibitions contained
in section 1 of Executive Order 13303 of May 22, 2003, as
amended by Executive Order 13364 of November 29, 2004, on any
attachment, judgment, decree, lien, execution, garnishment, or
other judicial process with respect to the Development Fund for
Iraq and Iraqi petroleum, petroleum products, and interests
therein, and the accounts, assets, investments, and other
property owned by, belonging to, or held by, in the name of, on
behalf of, or otherwise for, the Central Bank of Iraq. This
action is not intended otherwise to affect the national
emergency declared in Executive Order 13303 of May 22, 2003, as
expanded in scope by Executive Order 13315 of August 28, 2003,
which shall remain in place. This action is also not intended
to affect immunities enjoyed by the Government of Iraq and its
property under otherwise applicable law.
I hereby order:
Section 1. The prohibitions set forth in section 1 of
Executive Order 13303 of May 22, 2003, as amended by Executive
Order 13364 of November 29, 2004, are hereby terminated.
Sec. 2. The Secretary of the Treasury, in consultation with
the Secretary of State, is hereby authorized to take such
actions, including the promulgation of rules and regulations,
and to employ all powers granted to the President by IEEPA and
the UNPA as may be necessary to carry out the purposes of this
order. The Secretary of the Treasury may redelegate any of
these functions to other officers and agencies of the United
States Government. All agencies of the United States Government
are hereby directed to take all appropriate measures within
their statutory authority to carry out the provisions of this
order.
Sec. 3. This order is not intended to, and does not, create
any right or benefit, substantive or procedural, enforceable at
law or in equity by any party against the United States, its
departments, agencies, or entities, its officers, employees, or
agents, or any other person.
Sec. 4. This order shall be transmitted to the Congress and
published in the Federal Register.
Barack Obama.
The White House, May 27, 2014.